Kevin Durant’s Lost Bitcoin Fortune

Losing a password? It happens to the best of us, right? With so many accounts to juggle, it’s understandable. We’re all told not to reuse passwords, and honestly, the worst that usually happens for most is missing out on some old discounts or coupons. But for Kevin Durant, it seems his lost password might be hiding a much bigger treasure.

This week, Durant was spotted at a meeting with his long-time agent Rick Kleiman.

Here’s a bit of backstory: Kleiman was at Durant’s birthday party back in 2016, and there was a lot of buzz around Bitcoin. The next day, they both decided to invest using Coinbase. Fast forward a bit, and they forgot the account details, leaving them locked out for nearly a decade.

What’s particularly interesting is Durant’s confident remark about their investment being “in the clouds.” It’s likely he doesn’t fully grasp what that means, and, well, it’s not entirely accurate either.

Given the security measures cryptographic platforms have in place, getting back in isn’t as simple as just clicking “Forgot Password.” This raises a crucial question: How much could this account be worth?

If they invested a significant amount—over $1 million, perhaps—they’d probably expect some form of protection for those assets. Durant seems to think he initially invested around $100,000 in Bitcoin, which is quite a sum for most, but maybe just a drop in the bucket for someone like him.

Now, let’s say he actually bought $100,000 worth of Bitcoin right after his birthday on September 30, 2016. On that day, Bitcoin was valued at $609.73, which means he could have purchased about 164 coins. If you’re spending that kind of money, you’d likely want to hit a nice round figure, right? Durant might even claim he went for 200 Bitcoin, totaling around $121,946.

Jump to today, and that stash of 200 Bitcoin would now be valued at approximately $23,579,632.

So, Durant is sitting on an account he can’t access, potentially filled with millions in Bitcoin. Quite the predicament.